Russia's Rosneft privatization seen in November - December: economy minister

The logo of Russia's Rosneft oil company is pictured at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016.
REUTERS/Sergei Karpukhin

GOA, India Russian Economy Minister Alexei Ulyukaev said on Saturday the privatization of a stake in oil major Rosneft (ROSN.MM) would take place between November and December this year.

"Perspective buyers haven't submitted any bids yet ... they should start this month," he said.

MUMBAI State Bank of India has agreed to sell a 3.9 percent stake in its life insurance arm to affiliates of KKR and Temasek [TEM.UL] for 17.94 billion rupees ($266 million), the nation's biggest lender said on Friday.

BEIJING Bank of China and five other Chinese banks have signed a debt restructuring deal with troubled steelmaker Sinosteel, in what is among the first significant restructuring deals involving a state-owned enterprise.